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Show Pag December 9. 1959 The Western Miaenl Surrey, Sell Lake City. Utah 8 Monte Carlo Starts Drilling On Two New Uranium Corp. has entered into two farm-ou- t agreements with International Oil and Metals Corp., on its Jupiter claim and its Glen Law mine, it was announced by President Carl R. Ferderer, of Monte Monte ' Carlo Farm-ou- ts Green River. Glen Law mine is three miles west of Temple Mountain. The Glen Law, Ferderer said, has shipped 200 tons of ore. He said the company now seeks to get into some higher grade ore. Carlo. Ore encountered thus far has as.18 per cent. Fer-derDrilling got under way this sayed about said other properties of week on the Glen Law, and acin excording to Ferderer, the Jupiter merit are being acquired to be change for Company investment claims are scheduled drilled soon. The Jupiter prop- stock. Monte Carlo stock is still in erty is 14 miles southwest of the offering stage at five cents a share. Ferderer disclosed that Unlisted Uranium 4,000,000 shares of the offering stock has been allocated to a broker in Tulsa, Oklahoma, with a total of 5,000,000 shares still available for public sale. er Monte Carlo Uranium is now drilling back of their present ore channel at this site. GLEN LAW MINE NEAR GREEN RIVER High grade ore Is being encountered in drilling operation on the Jupiter claims. Stocks to Watch Salt Lake Stock Exchange By O. D. QUINLAN Crecent Earle 1000 it 7 3000 at 14 East Utah 7000 at 15 Eureka Mine. 1000 at 3 1000 at 7 Magnolia Uran Miner. Gold 1000 at 3 Mt. State. Dev. 3000 at 4 Nev-Ta- h 4000 at 8; 2300 at 7 New Park 100 at 2.50 North lily 2000 at 1.00 North Standard 3000 at 2 Croff Oil Park City Con. 300 at 17: 600 at 500 at 18 1000 at lift Park Konald 250 at 13 Piute Cran Prosper Oil 3000 at 13; 1000 at 13 Roy.ton 6000 at 3 Silver Standard 1000 at 2 South Standard 1000 at 8 Tintic Standard 100 at 9214 Trans-UniOil 2000 at 8 Utah Ida ho Sur Pld 20 at 11.00 on -- Con Oil 100 at 60 Victor Cons 2000 at 2 Yankee Con. 2000 at 3 Curb Salon 1100 at 70 Chief Con Con. Eureka 600 at 1.40 Lakeside Monarch 4500 at 21 Nev-Ta- h Oil 1000 at 7 Park Konold 2000 at 12 Trans-UniOil 6000 at 6 Utah-Wy- o on DENVER Over The Counter 19: The liquid value of stock of Green River is estimated between 16 and 17 cents a share, by Austin B. Smith, company officer. The stock currently has been sellcents to 10 cents a ing at .08 share. The stock hit a high in early 1955 of 47 cents a share. Green River has $120,000 cash In the bank and owns 31,160 shares of stock of Four Corners Uranium currently $3.50 a share and $15,000 accounts receivable. Green River has 7,480,000 shares outstanding with 3,141,000 shares owned by Four Corners Uranium Corp. Properties include the Royal Purple claims, Marysvale; Vanadium Queen property, San Miguel county, Colo., and Gas Hills property, Fremont county, Wyo. by English Oil, Panhandle Oil and the Skidmore mining family. When it moves it moves rapidly. As ore is stockpiled and shipped, and revenue comes in, Ula should reflect these developments. Spencer about Uranium selling at .08 cents a share sold as 75 cents last Spring.. A highas contract Is pending with a major operator, whereby Spencer would receive 50 per cent of all ore blocked out by the operating company, as the ore is drilled out. It will be the first contract of its kind on this basis. Spencer has 3,500,000 shares of stock outstanding. It is a dynamic mover. When and if the proposed merger is signed and delivered, Spencer would be in line for a big upward rise, officials believe. Spanish Trail, quoted at .05 o .06 a share has $140,000 cadi Uranium Chief may soon be plus equipment val- merged on a 100 for 1 basis into ued at $25,000. Company has 6,-- International Oil ahd Mineral At the close of market Wednesday, DeCo., with a proposed offering cember 7, 1955. Information listed below 851,500 shares outstanding. is derived from sources regarded as reof $10 a share for a new price liable, not guaranteed, hut believed to be of International. If this unStock correct Producers Uranium now selling at .02 cents was underwritten at derwriting were successfully ne.03 cents. It has a bank account gotiated it would give Uranium a Chief a value of 10 cents a share, of $231,237.49 equal to .02 according to individuals familiar share and moved as high as .05 with the proposal. Company is cents in 1955. characterized a front money deal 'n the bank cents Royal Uranium quoted to .57 cents a share, has $80,000 cash in the bank and $50,000 receivables from ore shipments. Company praduces 2,000 tons of ore a month with proceeds of $50,000 a month. The net before taxes is roughly $20,000 per month. Company has but 3,300,000 shares of stock outstanding. .55 for International. Mount Peal Uranium has a nice portfolio of stocks including 52,000 shares of Consolidated Eureka, 5,000 shares of Lisbon, and 450 shares of Federal Uranium. If the companys oil and gas property is sold, it will add substantially to a growing treasury balance. Negotiations are in the wind. The stock was offered initially at .06 cents a share and after a fantastic rise last spring to 17 cents, eased off. It is now about .04 cents a share and in a strong position to negotiate a profitable merger if officers so gilt-edge- d Ula Uranium which rose to cents a share in two days this week, reached a high of 55c a share last Spring. It operates on a split fee basis with Radium King, a company jointly owned desire. .09 FRANK JOHNSON TEXACO 4 B. F. Co. Brokerage Salt Lake Stock Member Goodrich fires - Batteries Polishing - Washing Complete Lubrication Ex. Salt Lake City. Utah Suite No. 4 - 39 Exchange Place Uranium Digest Upon Reques 5012 South State Phone AM 6-08- 36 |